EURUSD downside in play
The euro has fallen below the 1.1000 level against the US dollar, following the release of much better-than-expected private sector job data from the US economy. The 1.0950 support level still remains the near-term bearish target for the EURUSD pair. Short-term sellers are full control of the pair while price continues to trade below the pivotal 1.1060 resistance level.
The EURUSD pair is only bullish while trading above the 1.1060 level, key resistance is found at the 1.1100 and 1.1120 levels.
The EURUSD pair is only bearish while trading below the 1.1060 level, key support is found at the 1.0980 and 1.0950 levels.